Case Study

Partners in Fighting Crime

Verafin’s High-Risk Customer Management the Latest of Many Successes for Texas Credit Union

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Randolph-Brooks Federal Credit Union •  Location: Live Oak, TX
Assets: $14B  •  Core Banking System: Fiserv – DNA

“I have been using Verafin for over 10 years, and at Randolph-Brooks we value Verafin very much because they have always been there for us, putting out new ideas, inventing new ways of looking at things, and making sure we’re on top of any new regulatory change. It takes a lot of pressure off us, because we know they will deliver a solution and keep us updated at all times.”

Audrey Anderjeski, BSA Financial Intelligence Analyst, Randolph-Brooks

When the BSA team at Randolph-Brooks Federal Credit Union saw recent success with Verafin’s High-Risk Customer Management functionality, it marked the latest in a long history of successes the Texas-based credit union has experienced with Verafin. In 2015, the institution was part of a remarkable collaborative investigation that revealed a sizeable crime ring with over a million dollars in total criminal proceeds.

In this case study, you’ll read how Verafin’s innovative approach is bringing ongoing success to partners like Randolph-Brooks. Whether it’s helping them find high-risk customers among their new and existing customer base, giving them a platform to collaborate with other institutions to uncover crime rings, keeping them ahead of regulatory change, or saving them time and money in their compliance processes, you’ll discover why the team at Randolph-Brooks describes Verafin as “like family” and “a true partner”.

Tagged as...

  •   BSA/AML Compliance
  •   CDD/EDD
  •   Crime Rings
  •   High-Risk Customer Management

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